The New Inn is a quaint, double fronted pub located on one of the main artery roads into the village of Folkingham in the South Kesteven district of Lincolnshire. The village itself is around 10 miles away from the market town of Sleaford and boasts an affluent demographic of around 800 residents. The village has a number of local amenities, including a post office, a village hall, along with the pub and there are also several local businesses, including a bakery, a garage and a farm shop. Surrounded by picturesque views and nearby to the Lincolnshire Wolds, Folkingham is popular for tourists and hikers who enjoy visiting the many local country parks and nature reserves. Rauceby Train Station is approximately six miles away and Sleaford Train Station is around seven miles away with both being easily accessible by bus and offering transport links to Lincoln, Skegness and Peterborough.
Pub Layout
The main entrance to the New Inn is straight from the roadside and into the bar area where you will find a welcoming open fireplace. To the right is space for a pool table or additional low level seating. To the left are two sets of low level table and chairs to seat around eight people. A mixture of high and low seating accompany the bar which is the main feature of the room and located along the left hand wall. To the rear of the bar area is a set of double doors which lead out into a corridor giving access to the toilets, the outside terrace, the cellar and the rear dining room. The dining room is a large space for approximately 30 covers and is bright and airy with plenty of windows, skylights and French doors out into the garden. Here you will also find access to the fully operational and good-sized catering kitchen which makes the room also very useful for private functions. The garden is a lovely space and is well kept with two patio areas and the rest mainly laid to lawn with an assortment of picnic benches and outside dining sets as well as a small marquee. Parking is located on the road to the front of the pub where there is generally ample space for plenty of cars.
Private Accommodation
Upstairs, you will find three bedrooms, a living room, a kitchen and a bathroom all in very good condition.
Annual Rent: £21,500
Security Deposit: £5,000
Stock: £3,500
Working Capital: £4,000
Business Rates: £Nil. Based on the April 2023 rating list, the Zero Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes.
Fixtures and Fittings: To be confirmed upon valuation – funding options may be available for the right licensee.
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
Admiral are ideally looking for an experienced couple who can manage the front and back of house in harmony to continue the amazing business that has already been built here. Maintaining the high standards of service and quality of the food offer will be imperative to ensuring that this business will thrive successfully going forwards and the new licensees will need to be sympathetic to this. The ability to introduce, implement and customise new ideas and visions that work with the already well-stablished business, will likely fulfil the needs of an ever-changing industry, whilst encouraging new business possibly from further afield and from those who may not have previously frequented the pub. An adaptable drinks offer and up to date menus will also be a key element to keeping the business current and vibrant within the local vicinity.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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